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Debt information

The Group’s finance policy comprises a framework of guidelines and principles governing the management of financial risks and finance operations in general. The Group’s financial risk management is centralized to capitalize on economies of scale and synergy effects, and to minimize operational risks.

Key figures 2021

Net debt/EBITA: 1.7
Average interest maturity: 3.5 years
Fixed loans: 97%
Floating loans: 3%

Debt sources of financing

Swedish Match policy is that the average interest maturity should be less than 5 years. The Group´s objective for interest rate fixing is to achieve an even and low cost of interest.

Maturity profile of interest bearing liabilities

FixedFloat
20231,686250
20242,8600
20252,9730
20262,1950
20273,1730
20283260
2029300
  • Debt sources of financing

Credit rating

Swedish Match has had a long-term rating from Standard & Poor's since 1997 and Moody's Investor Service since 1999.

Swedish Match current ratings

 Standard & Poor'sMoody's
Short-term rating:A-2 
Long-term rating:BBBBaa2
Outlook:StableStable
  • Credit rating

Net debt/EBITA

The Board of Directors has determined that the Group will strive to maintain a net debt that does not exceed 3 times EBITA. The actual level of net debt will be assessed against: anticipated future profitability and cash flow, investment and expansion plans, acquisition opportunities, and development of interest rates and credit markets.

Net debt /EBITA
12/31/20171.9
3/31/20181.7
6/30/20182.4
9/30/20182.3
12/31/20182.2
3/31/20192.1
6/30/20192.3
9/30/20192.2
12/31/20192.1
3/31/20201.9
6/30/20202.1
9/30/20202.0
12/31/20201.9
3/31/20211.6
6/30/20211.9
9/30/20211.7
12/31/20211.7
3/31/20221.6
6/30/20221.5
9/30/20221.3
Johan Levén

Johan Levén

Vice President Investor Relations
Email
+46-70-2072116
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Phone: +46 10 13 93 000

Sveavägen 44
SE-118 85 Stockholm

Corporate headquarters
Swedish Match

Swedish Match AB
SE-118 85 Stockholm

Phone +46 10 13 93 000
Corporate reg no. 556015-0756
contactus@swedishmatch.com

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